Select date

May 2024
Mon Tue Wed Thu Fri Sat Sun

NOT FOOLED BY DEEP STATE TRICKS: Gold & Silver Finish The Week Strong

11-1-2020 < SGT Report 23 700 words
 

from Silver Doctors:



SD Friday Wrap: The cartel had awesome cover to smash gold & silver this week, but in the end, the metals finished with the upper hand…


*****


Editor’s Note: These charts were set-up before 11:00 a.m. EST on Friday, January 10th, 2019, and do not include price action after that time, unless otherwise stated.



*****


Please excuse a shorter than usual Friday Wrap.


I’m making the final edits to an awesome interview with a returning guest that I plan on releasing tonight, recorded yesterday afternoon, and there’s something very special in that video that I haven’t ever done before, so please do be on the look-out for it soon!


In the meantime, here’s today’s Silver Doctors Live:



YouTube has been instantly demonetizing all of our live-streams lately, and sure enough, today’s live-stream was demonetized too.

They really don’t want this information getting out!


And to think, we we’re on the brink of World War 3 in the Middle East earlier in the week, yet now it’s all magically better?


Amazing!


Gold & silver, however, are not fooled as easily fooled as the cartel would like them to be.


I”m checking the charts at 4:15 p.m. EST on Friday, and I can see the metals holding on and hanging in there:



That chart is the only one I’ve set-up this afternoon, but I wanted to show that gold & silver are ending the day with some strength, especially gold.


The gold-to-silver ratio popped coming off of Wednesday’s smash:



It’s almost like the cartel is playing ping-pong between 82 and 89, but the next time we fall below 82, I think the bottom could really fall out of the ratio.


Furthermore, the trend isn’t really bullish or bearish one way or another, but rather, the trend is that we’re range-bound in, a choppy, side-ways action.


Notice what happens every time the GSR gets to 88.67 or higher, however.


Past performance may not be indicative of future results, but are they really going to take the GSR back into the 90s here?


I don’t think so, for too many stackers and other smart investors understand the gold-to-silver ratio arbitrage and the opportunity it presents to get free gold at the end of the cycle!


I have to admit, I thought silver would blow-through $20 this week like a couple of SUV’s got blown through close to the Baghdad airport last week:



And then world peace happened.


Silver is not convinced, however, as evidenced by the white metal sitting north of $18.


OK, “Hey Half Dollar, you don’t get it man, silver just pulled-back because it was extremely overbought!”.


Well, I’m not buyin’ that argument, because if the cartel can smash, they’re gonna smash, and they had the perfect cover to smash this week with all of this new-found peace, love and happiness, but, even if I did buy that argument, assuming silver was overbought, we’re no longer “extremely overbought”.


Gold, as it has been, is looking better than silver, and quite frankly gold’s not looking bad at all:



Of course, with gold surging above $1610 and hitting multi-year highs, and on volume, it’s easy to see why they brought the hammer.


Could losing control of the gold “market” be the reason why President Trump stood-down from escalating things further against Iran?


That could be a reason, and we talked about it during today’s live-stream, in addition to other reasons why President Trump chose to de-escalate.


So here we are, right back with palladium doing it’s own thing:



Palladium is the perfect, real-time example of how things can become “extremely overbought” and stay there to the technical analysts’ disbelief.


If tensions flare-up again in the Middle East?


Yikes!


Read More @ SilverDoctors.com





Loading...




Print